You might get these days 60% leverage so you'll likely need 40% down payment plus reserves and the financial institutions will want you to keep those capital reserves in their institution.If you are a new investor, there's a couple of opportunities to get started. 

This is the richest country in the history of the world and there are opportunities everywhere.

Symbolically, fire is eventually an opportunity for re-growth. 

Year 1, I intend to keep my W2 job while i work to get my small business going.

and if you buy something that's occupied and needs work, again, it might be a great opportunity. 

This ensures you will be notified if your tenants cancel their coverage or have a lapse.Adding you as an additional insured would open you up to any claim they would make which  would be a huge risk because those claims would follow YOU for any other purchases you would intend to make for at least 5 years.Your homeowner/landlord policy will provide the liability protection if something was to happen.

(No Pun Intended).

Unless you have a very strong team on the ground, I would not recommend investing in EC.Hi Vadim,Seasoned investor but made a trip down to Cleveland a couple months ago to check out opportunities there and hence made the decision to invest in East Cleveland mainly for cash flow. 

I bought my first house and got into REI for control, stability, and the opportunity to solve problems. 

Not that there isn't some opportunity, but investing from afar, I don't really have the chance to get a crew that can do the rehab on the homes that I think would turn a profit.